M&A Deal Summary

Ansell Acquires Midas

On September 26, 2013, Ansell acquired apparel/textiles company Midas for 41M USD

Acquisition Highlights
  • This is Ansell’s 5th transaction in the Apparel/Textiles sector.
  • This is Ansell’s 3rd largest (disclosed) transaction.
  • This is Ansell’s 1st transaction in South Korea.

M&A Deal Summary
Date 2013-09-26
Target Midas
Sector Apparel/Textiles
Buyer(s) Ansell
Deal Type Add-on Acquisition
Deal Value 41M USD

Target

Midas

Janggye, South Korea
Midas is a manufacturer and supplier of knitted, cut resistant industrial gloves with expertise in polyurethane coatings and yarn wrapping. It has cost effective and highly efficient plants in South Korea and Vietnam with approximately 300 employees. Midas Co. is a privately held Korean company, located in Janggye, South Korea. Founded in 1998,

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Buyer(S) 1

Buyer

Ansell

Richmond, Australia
Category Company
Founded 1893
Sector Healthcare Services
Employees13,513
Revenue 1.7B USD (2024)
DESCRIPTION

Ansell provides superior health and safety protection solutions that enhance human well-being. Ansell was founded in 1893 and is based in Richmond, Australia.

DEAL STATS #
Overall 14 of 19
Sector (Apparel/Textiles) 5 of 7
Type (Add-on Acquisition) 9 of 14
Country (South Korea) 1 of 1
Year (2013) 2 of 3
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Preferred Surgical Products

Birmingham, Alabama, United States

Preferred Surgical Products LLC is a privately held US product and technology company with innovative solutions in infection prevention. Company engages in the production of infection prevention products used in the invasive areas of hospitals and ambulatory surgery centers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-26 BarrierSafe Solutions International

Lake Forest, Illinois, United States

BarrierSafe Solutions International is a provider of barrier protection and infection control products. BarrierSafe owns the FoodHandler and Microflex brands and primarily sells disposable gloves to non-acute markets including foodservice, dental, laboratory, industrial and automotive. BarrierSafe Solutions International is based in Lake Forest, Illinois.

Buy AU$615M
Mergr

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Company

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